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20358 WHITEWOOD DR Spring TX 77373-5552

[Locked] • APN 1348590010007

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Details
Property Type Industrial
Sub Type Manufacturing
Building SqFt 15,000
Lot SqFt 39,757
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code NZ
Year Built 2014
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******
Lender Name ******

Property History

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Property Type
Property Type
Industrial
Marketing Description
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 20358 Whitewood Drive in Spring, Texas, leased to Nautical Control Solutions. The subject property consists of approximately 15,000 square feet of space and is situated on 0.91 acres of land. The asset features 24’ clear height, tilt wall construction, and three-phase power. This location serves as the FUELTRAX headquarters office and manufacturing center, with offices in 10 other countries. Nautical Control Solutions’ clients include: BP, Exxon, and Honeywell, among numerous other publicly traded maritime companies. There is a 2.5 percent rental increase during the first year of new ownership and a 4.2 percent bump in the second year. The property is located less than one mile from Union Pacific Lloyd Yard, providing local rail freight access, and is in close proximity to Interstate 45, Hardy Toll Road, and the Grand Parkway/SH 99.


The North Hardy Toll Road Industrial Submarket has seen the arrival of larger distribution tenants in recent years. Demand is expected to keep up with the surge in new supply of new spec developments constructing in the year. The North Hardy Toll Road Sub market’s presence between the heavily trafficked I-45 and Sam Houston Tollway, as well as proximity to the George Bush Intercontinental Airport, lends itself well as an ideal location to satisfy area demand resulting from nearby rooftop growth. The North Hardy Toll Road is also ideally situated to capitalize on rooftop growth in Montgomery to the north, particularly Spring woods Village, The Woodlands, and Conroe.

As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.

Investment Highlights
  • This Location Serves as FUEL TRAX Headquarters Office and Manufacturing Center, with Additional Offices in 10 Other Countries Across the World
  • Property is Located Less than one Mile from Union Pacific Lloyd Yard, Providing Local Rail Freight Access
  • 2.5% Rental Increase During 1st Year of New Ownership, 4.2% Bump in Year Two
  • Located in Close Proximity to Interstate 45, Hardy Toll Road, and the Grand Parkway/SH 99
  • Nautical Control Solutions’ Clients Include BP, Exxon, and Honeywell, Amongst Numerous Other Publicly Traded Maritime Companies
  • Gated Concrete Yard at Rear of Property Provides Secure Tenant Parking and Additional Storage Yard

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
TS
Tim Speck
•••.•••.5200
•••.•peck@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
AA
Adam Abushagur PRO
•••.•••.5223
••••.•••••agur@•••••••••••••••.com
Brokerage logo

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